Signage is seen on a quayside at Associated British Ports Goole facility in Goole, Britain August 2, 2018. Picture taken August 2, 2018. REUTERS
Feb 5 (Reuters) – Two Canadian pension funds plan to sell their stakes in Associated British Ports in a deal that they hope will value the UK’s biggest ports operator at more than 10 billion pounds ($13.63 billion), the Financial Times reported on Thursday.
The Canada Pension Plan Investment Board (CPPIB), which holds 34% of ABP, and the Ontario Municipal Employees Retirement System (OMERS), which owns 33%, have hired Morgan Stanley to explore a sale of their stakes, the newspaper said.
Reporting by Nilutpal Timsina in Bengaluru; Editing by Subhranshu Sahu
